Bitcoin Platform Odin.fun Loses $7M in Massive Hack – Funds Drained!

Odin.fun loses $7 million in a Bitcoin exploit, collaborating with law enforcement and exchanges for recovery.

Fridah Kangai
August 14, 2025
4:00 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Odin.fun loses $7 million in a massive Bitcoin exploit.
Hackers manipulate liquidity and steal Bitcoin from Odin.fun platform.
Platform collaborates with exchanges and law enforcement for recovery.

Odin.fun, a Bitcoin-based memecoin launchpad, recently fell victim to a major exploit that resulted in the loss of 58.2 BTC, valued at approximately $7 million. Blockchain security firm PeckShield reported the breach, stating that hackers had manipulated the platform’s liquidity. By inflating the prices of tokens with SATOSHI and other assets, they managed to drain the liquidity and earn returns on Bitcoin.

#PeckShieldAlert An @Odin_GodOfRunes community member reported that 58.2 $BTC (worth ~$7M) were drained from the platform.

– Hackers added liquidity (e.g., via $SATOSHI)
– Artificially inflated the token price
– Removed liquidity to receive BTC returns

Attacker Addresses:
-… pic.twitter.com/igSZZujB1I
— PeckShieldAlert (@PeckShieldAlert) August 13, 2025

The hack resulted in a sharp decrease in Bitcoin reserves on the platform. In only two hours, deposits decreased by 291 BTC to 232.8 BTC, which was already cause for concern. Odin.fun co-founder Bob Bodily confirmed the incident and admitted that the company could not afford to cover the losses with the help of its treasury. He assured users that the rest of the money on the platform was safe.

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Platform Collaborates with Law Enforcement and Exchanges for Recovery

Bodily credited the exploit to an exploit in Odin. Fun’s automated liquidity market-making tool. Even though the attack happened, the platform stressed that the other funds on Odin.fun were not affected and were safe.

The company has already contacted law enforcement agencies in the U.S. and collaborated with big cryptocurrency exchanges like OKX and Binance. These exchanges have led to collaboration with the Chinese authorities to track the stolen funds. Odin.fun has also collected very convincing clues, such as the activity of the perpetrators’ wallets.

Odin.fun has developed a compensation strategy to cover the victimized users’ reaction to the attack. Bodily also confirmed that they would post information about the plan as soon as they finalize it. Moreover, it is in the process of a complete security audit that may take a week. This audit is meant to identify any remaining vulnerabilities and avert attacks in the future.

The platform has threatened the exploiters by saying that failure to refund the stolen money means legal action. Odin.fun will work to retrieve the stolen Bitcoin and ensure that the platform’s security is strengthened for future users.

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